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Collateral Access Agreement
Collateral Access Agreement contract clause examples

Collateral Access Agreements. No later than ninety (90) days after the Closing Date, the Borrowers shall deliver a Collateral Access Agreement, each in form and substance satisfactory to the Administrative Agent and the Lenders, for # the chief executive office of each Borrower and Guarantor of Payment not otherwise delivered pursuant to [Section 4.2(e)] hereof; and # each other location of a Borrower or Guarantor of Payment where any of the collateral securing any part of the Obligations is located, unless # such location is owned by the Credit Party that owns the collateral located there, or # a Collateral Access Agreement would not otherwise be required pursuant to [Section 5.21(e)] hereof.

Collateral Access Agreements. Within ninety (90) days following the Effective Date (or such later date the Administrative Agent may agree to in its sole discretion), the Borrowers shall use their commercial reasonable efforts to deliver, or cause to be delivered, each Collateral Access Agreement required to be delivered pursuant to [Section 4.13] of the Security Agreement, each in form and substance reasonably satisfactory to the Administrative Agent; provided that, the Borrowers’ failure to deliver or cause to be delivered, such Collateral Access Agreements shall not constitute an Event of Default but shall be subject to the establishment of Rent Reserves against Eligible Inventory in accordance with this Agreement.

Collateral Access Agreements. Upon the request of the Lenders, the Borrower shall # promptly, and in no event later than 45 days following the date of such request, deliver or cause to be delivered to the Lenders a copy of each Collateral Access Agreement in favor of Prepetition Administrative Agent available, if any, with respect to each real property set forth on [Schedule 5.9(d)], and (ii) use commercially reasonable efforts to deliver an assignment of such Collateral Access Agreements or new Collateral Access Agreements to the Lenders for such real property locations described on [Schedule 5.9(d)] as the Lenders require in their sole discretion.

SECTION # Post-Closing Covenants. Within 60 days of the Effective Date (or such later date as the Administrative Agent shall agree in its sole discretion), each Loan Party shall deliver each Collateral Access Agreement and each control agreement required to be provided pursuant to the Security Agreement.

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